Mahindra & Mahindra forms Joint Venture with Kinetic Motors

One of India's leading automotive companies, Mahindra & Mahindra Ltd., announced that the acquisition of business assets of Pune-based Kinetic Motor Company Ltd. has been approved.


The acquisition will be done through a new company to be formed. The consideration for the acquisition is a sum of Rs. 110 crores (subject to closing due diligence) plus 20 percent stake to KMCL in the new company. M&M will hold the balance 80 per cent of the equity.

The deal will enable Mahindra to design and market a range of scooters, value engineered motorcycles and high-end motorcycles for the Indian and global markets, helping it establish a robust, end-to-end two-wheeler business in every segment of the industry.